Commercial Real Estate & Business News – August 7, 2020

AZRE Forum: Retail, Multifamily, Land
The AZRE Forum is the annual mid-year market report and in-depth look at what factors are driving the Phoenix economy. The COVID-19 pandemic forced the Forum to go virtual this year, but it did nothing to dampen the lively discussions by three panels of commercial…»

Mountainside Fitness CEO Expects to Reopen Health Clubs Tuesday
Mountainside Fitness CEO Tom Hatten is confident he will be able to reopen his health clubs next Tuesday after a judge ruled the state must give those in the industry a way to apply for reopening. Hatten alerted members Tuesday of plans to reopen, hours…»

Apartment Demand Drops During Traditional High Season
Demand for apartments is starting to really soften, as the coronavirus pandemic and slowing economy sink their teeth deeper into the sector. Those are the findings reported in CoStar’s latest apartment state of the market video. John Affleck, CoStar’s vice president…»

CapRock Partners Has Big Plans for Phoenix
The pandemic isn’t deterring investment in Phoenix, at least not for industrial investor CapRock Partners. CapRock has pinpointed Phoenix as a target market for industrial investment and development, and it expects the market to continue to benefit from longstanding population and job…»

Fewer Cars, Faster Speeds: How COVID-19 Is Impacting Metro Phoenix Traffic
COVID-19 means fewer cars and faster speeds on Valley freeways and state highways. That’s based on proprietary research released by the Maricopa Association of Governments. According to analytics company, INRIX, congestion delay is down about 50% compared to the first week of March…»